The hospitality industry is one of Canada’s most important and fastest-growing industries. A stronger economy and significant increase in international visits have played a crucial role in the notable upswing since 2017. Such robust growth can present a host of issues for businesses looking to benefit from a healthier market. In addition to increased competition, changing business conditions and heightened customer expectations, hotel financing poses unique challenges, particularly for lenders. From financing arrangements and operating and loan agreements to assessing financial risk and lender security, businesses require legal counsel with in-depth industry knowledge and experience across many legal disciplines.
Blakes is a market leader in hotel finance. With our collective expertise and resources, we have been involved in the financings of more than 100 hotels. Clients rely on this expertise, as well as our ability to seamlessly and cost-effectively meet their needs. Moreover, lenders and investors come to Blakes for practical debt-financing advice and cutting-edge solutions. In particular, they look to us for guidance on financial loan structures, including designing, employing and leveraging debt finance opportunities, as well as evaluating the risks and assisting with negotiating and documenting debt-based financing.
We also provide ongoing counsel to companies regularly engaged in lending or borrowing transactions. In each instance, we make sure we understand our client’s business objectives and concerns in order to craft the best solution.
Ranked No. 1 in banking and finance and acknowledged as having Canada’s preeminent financial services practice, Blakes offers unmatched experience advising on structuring and executing complex debt transactions. As industry leaders, we have developed several innovative financing and security structures used in Canada and have assisted clients around the world in devising and implementing creative solutions to their funding needs.
Blakes is an allied member of the Hotel Association of Canada, and we act as legal counsel to the Canadian Hotel Investment Conference.